Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Has $2.42 Million Stock Holdings in Bank of New York Mellon Corporation $BNY

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 19,412.1% during the fourth quarter, Holdings Channel reports. The firm owned 20,878 shares of the bank’s stock after purchasing an additional 20,771 shares during the quarter. Bank of New York Mellon makes up approximately 0.9% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s portfolio, making the stock its 29th largest holding. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Bank of New York Mellon were worth $2,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in Bank of New York Mellon by 35.1% during the third quarter. Jones Financial Companies Lllp now owns 31,848 shares of the bank’s stock valued at $3,487,000 after buying an additional 8,277 shares during the period. Todd Asset Management LLC raised its position in Bank of New York Mellon by 37.5% during the fourth quarter. Todd Asset Management LLC now owns 370,998 shares of the bank’s stock valued at $43,069,000 after buying an additional 101,142 shares during the period. First National Bank of Omaha acquired a new position in Bank of New York Mellon during the third quarter valued at $3,044,000. Cullen Investment Group LTD. raised its position in Bank of New York Mellon by 1,691.4% during the fourth quarter. Cullen Investment Group LTD. now owns 38,730 shares of the bank’s stock valued at $4,610,000 after buying an additional 36,568 shares during the period. Finally, Cibc World Market Inc. raised its position in Bank of New York Mellon by 8.6% during the third quarter. Cibc World Market Inc. now owns 130,795 shares of the bank’s stock valued at $14,251,000 after buying an additional 10,377 shares during the period. 85.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a research report on Friday, April 17th. Keefe, Bruyette & Woods upped their price target on Bank of New York Mellon from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Citigroup assumed coverage on Bank of New York Mellon in a research report on Monday, February 23rd. They set a “neutral” rating on the stock. Evercore set a $136.00 price target on Bank of New York Mellon in a research report on Friday, April 17th. Finally, Royal Bank Of Canada upped their price target on Bank of New York Mellon from $130.00 to $142.00 and gave the company a “sector perform” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.08.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, EVP Alejandro Perez sold 12,504 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $137.01, for a total value of $1,713,173.04. Following the transaction, the executive vice president directly owned 62,613 shares of the company’s stock, valued at $8,578,607.13. This represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $136.50, for a total value of $4,095,000.00. Following the completion of the transaction, the executive vice president directly owned 50,238 shares in the company, valued at approximately $6,857,487. The trade was a 37.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 48,091 shares of company stock valued at $6,568,423. 0.17% of the stock is currently owned by company insiders.

Bank of New York Mellon Stock Performance

Shares of BNY stock opened at $142.65 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. Bank of New York Mellon Corporation has a fifty-two week low of $87.41 and a fifty-two week high of $144.98. The stock’s 50-day moving average is $132.70 and its two-hundred day moving average is $122.57. The firm has a market cap of $97.91 billion, a P/E ratio of 17.68, a PEG ratio of 1.04 and a beta of 1.07.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.31. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the firm posted $1.58 EPS. The business’s revenue was up 12.9% compared to the same quarter last year. Analysts predict that Bank of New York Mellon Corporation will post 8.78 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, April 27th. Bank of New York Mellon’s dividend payout ratio is presently 26.27%.

Bank of New York Mellon Company Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.